What was the total amount of royalty/license fees collected by Cd One Price Cleaners?
Cd_One_Price_Cleaners Franchise · 2025 FDDAnswer from 2025 FDD Document
During the Term, Franchisee shall pay to Franchisor (or its designee) a continuing royalty fee in the amount equal to six and one-half percent (6.5%) of the Gross Revenues for the Store for each one week period, or such other period as Franchisor may specify from time to time. "Gross Revenues" shall mean revenue from the sale of all products and services and all other income or consideration of every kind and nature received by Franchisee or the Store, including, without limitation, all revenues associated with delivering and/or selling products or services off-premises to customers, and any proceeds from business interruption insurance, whether for cash, credit, charge account, debit account, exchange, barter or otherwise and regardless of collection, less (a) any sales taxes or other taxes collected by Franchisee from its customers and thereafter paid directly to the appropriate taxing authority and (b) any customer discounts or refunds.
Source: Item 23 — Receipts (FDD pages 72–263)
What This Means (2025 FDD)
I am unable to provide the total amount of royalty fees collected by Cd One Price Cleaners, according to the 2025 Franchise Disclosure Document. While the document outlines the royalty fee structure, it does not state the total amount of royalty fees that Cd One Price Cleaners collected.
The royalty fee is 6.5% of the Gross Revenues for the store for each one week period. Gross Revenues means revenue from the sale of all products and services and all other income or consideration of every kind and nature received by Franchisee or the Store, including, without limitation, all revenues associated with delivering and/or selling products or services off-premises to customers, and any proceeds from business interruption insurance, whether for cash, credit, charge account, debit account, exchange, barter or otherwise and regardless of collection, less (a) any sales taxes or other taxes collected by Franchisee from its customers and thereafter paid directly to the appropriate taxing authority and (b) any customer discounts or refunds.
A prospective franchisee should inquire directly with Cd One Price Cleaners about the total royalty fees collected in recent years to better understand the financial performance of the franchise system. This information is crucial for assessing the potential profitability and financial obligations associated with owning a Cd One Price Cleaners franchise.